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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]
Pay Versus Performance

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K we are providing the following information to show how compensation actually paid (“CAP”) to the PEO and the Non-PEO NEOs (as defined below) (averaged) relates to certain total shareholder return results, Garmin net income and Garmin operating income results for the years 2020-2023.

 

           Average   Average                
           Summary   Compensation   Value of Initial Fixed $100        
           Compensation   Actually Paid   Investment Based on:        
   Summary       Table Total for   to Non-PEO       Peer Group        
   Compensation   Compensation     Non-PEO Named   Named   Total   Total        
   Table Total for   Actually Paid to   Executive   Executive   Shareholder   Shareholder       Operating
Year  PEO   PEO   Officers   Officers   Return   Return   Net Income   Income
(a)  (b)   (c)   (d)   (e)   (f)   (g)   (h)   (i)
2023  $6,540,666   $10,679,153   $2,113,742   $3,241,006   $144.25   $148.74   $1,289,636,000   $1,092,160,000
2022  $4,585,595   $900,886   $1,888,561   $698,576   $100.81   $104.45   $973,585,000   $1,027,845,000
2021  $4,238,341   $5,967,081   $1,694,354   $2,271,591   $142.59   $165.87   $1,082,200,000   $1,218,620,000
2020  $3,684,276   $5,909,431   $1,596,351   $2,383,954   $125.14   $133.30   $992,324,000   $1,054,240,000

 

The PEO for each year was Clifton A. Pemble. For 2023 and 2022, the Non-PEO NEOs were Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois. For 2021 and 2020, the Non-PEO NEOs were Min H. Kao, Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois.

 

The peer group for purposes of the table above is the S&P 500 Consumer Discretionary Index.

 

Operating income, for compensation purposes, is presented from the Company’s audited financial statements without adjustment.

 

To calculate CAP for our PEO, the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation, as required under Item 402(v) of Regulation S-K:

 

       Deduction of        
       Reported Value of   Equity Award    
Year  SCT Total   Equity Awards   Adjustments   CAP
       (i)   (ii)    
2023  $     6,540,666   $(5,150,023)  $9,288,510   $     10,679,153
2022  $4,585,595   $(3,323,452)  $(361,257)  $900,886
2021  $4,238,341   $(3,003,686)  $4,732,426   $5,967,081
2020  $3,684,276   $(2,599,853)  $4,825,008   $5,909,431

(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

 
Equity Award Adjustments for PEO  2023   2022   2021   2020 
RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $     2,875,568   $     1,850,599   $     1,663,383   $     1,419,079 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $634,049   $(513,916)  $173,666   $304,853 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $498,869   $(516,070)  $208,362   $315,569 
PC-RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $4,990,626    -   $2,352,257   $2,574,357 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $211,356   $(793,151)  $263,567   $310,319 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $78,042   $(388,719)  $71,191   $(99,169)
TOTAL EQUITY AWARD ADJUSTMENTS FOR PEO  $9,288,510   $(361,257)  $4,732,426   $4,825,008 

 

To calculate CAP for our Non-PEO NEOs (averaged), the following amounts were deducted from and added to SCT total compensation, as required under Item 402(v) of Regulation S-K:

 

       Deduction of         
       Reported Value of   Equity Award     
Year  SCT Total   Equity Awards   Adjustments   CAP 
       (i)   (ii)     
2023  $     2,113,742   $(1,199,958)  $     2,327,222   $     3,241,006 
2022  $1,888,561   $(1,034,936)  $(155,049)  $698,576 
2021  $1,694,354   $(892,596)  $1,469,833   $2,271,591 
2020  $1,596,351   $(843,849)  $1,631,452   $2,383,954 
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:
   
Equity Award Adjustments for Non-PEO NEOs  2023   2022   2021   2020 
RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $592,409   $548,618   $438,136   $407,422 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $183,026   $(139,301)  $50,459   $93,083 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $142,035   $(145,836)  $63,083   $99,505 
PC-RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $1,311,231    -   $790,793   $939,757 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $71,055   $(275,337)  $99,430   $128,340 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $27,466   $(143,193)  $27,932   $(36,655)
TOTAL EQUITY AWARD ADJUSTMENTS FOR NON-PEO NEOs  $2,327,222   $(155,049)  $1,469,833   $1,631,452 

 

      
Company Selected Measure Name Operating income      
Named Executive Officers, Footnote [Text Block]

The PEO for each year was Clifton A. Pemble. For 2023 and 2022, the Non-PEO NEOs were Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois. For 2021 and 2020, the Non-PEO NEOs were Min H. Kao, Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois.

      
Peer Group Issuers, Footnote [Text Block]

The peer group for purposes of the table above is the S&P 500 Consumer Discretionary Index.

      
PEO Total Compensation Amount $ 6,540,666 $ 4,585,595 $ 4,238,341 $ 3,684,276
PEO Actually Paid Compensation Amount $ 10,679,153 900,886 5,967,081 5,909,431
Adjustment To PEO Compensation, Footnote [Text Block]

 

       Deduction of        
       Reported Value of   Equity Award    
Year  SCT Total   Equity Awards   Adjustments   CAP
       (i)   (ii)    
2023  $     6,540,666   $(5,150,023)  $9,288,510   $     10,679,153
2022  $4,585,595   $(3,323,452)  $(361,257)  $900,886
2021  $4,238,341   $(3,003,686)  $4,732,426   $5,967,081
2020  $3,684,276   $(2,599,853)  $4,825,008   $5,909,431

(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

 
Equity Award Adjustments for PEO  2023   2022   2021   2020 
RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $     2,875,568   $     1,850,599   $     1,663,383   $     1,419,079 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $634,049   $(513,916)  $173,666   $304,853 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $498,869   $(516,070)  $208,362   $315,569 
PC-RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $4,990,626    -   $2,352,257   $2,574,357 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $211,356   $(793,151)  $263,567   $310,319 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $78,042   $(388,719)  $71,191   $(99,169)
TOTAL EQUITY AWARD ADJUSTMENTS FOR PEO  $9,288,510   $(361,257)  $4,732,426   $4,825,008 
      
Non-PEO NEO Average Total Compensation Amount $ 2,113,742 1,888,561 1,694,354 1,596,351
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,241,006 698,576 2,271,591 2,383,954
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

       Deduction of         
       Reported Value of   Equity Award     
Year  SCT Total   Equity Awards   Adjustments   CAP 
       (i)   (ii)     
2023  $     2,113,742   $(1,199,958)  $     2,327,222   $     3,241,006 
2022  $1,888,561   $(1,034,936)  $(155,049)  $698,576 
2021  $1,694,354   $(892,596)  $1,469,833   $2,271,591 
2020  $1,596,351   $(843,849)  $1,631,452   $2,383,954 
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:
   
Equity Award Adjustments for Non-PEO NEOs  2023   2022   2021   2020 
RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $592,409   $548,618   $438,136   $407,422 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $183,026   $(139,301)  $50,459   $93,083 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $142,035   $(145,836)  $63,083   $99,505 
PC-RSUs:                    
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $1,311,231    -   $790,793   $939,757 
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $71,055   $(275,337)  $99,430   $128,340 
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $27,466   $(143,193)  $27,932   $(36,655)
TOTAL EQUITY AWARD ADJUSTMENTS FOR NON-PEO NEOs  $2,327,222   $(155,049)  $1,469,833   $1,631,452 
      
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

      
Compensation Actually Paid vs. Net Income [Text Block]

 

 

      
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

      
Total Shareholder Return Vs Peer Group [Text Block]

     
Tabular List [Table Text Block]
Most Important Performance Measures

 

As required under Item 402(v) of Regulations S-K, in the table below we list the financial performance measures used by the Compensation Committee to link compensation actually paid to the NEOs for 2023 to Garmin’s performance.

 

Operating Income

Revenue

      
Total Shareholder Return Amount $ 144.25 100.81 142.59 125.14
Peer Group Total Shareholder Return Amount 148.74 104.45 165.87 133.30
Net Income (Loss) Attributable to Parent $ 1,289,636,000 $ 973,585,000 $ 1,082,200,000 $ 992,324,000
Company Selected Measure Amount 1,092,160,000 1,027,845,000 1,218,620,000 1,054,240,000
PEO Name Clifton A. Pemble Clifton A. Pemble Clifton A. Pemble Clifton A. Pemble
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name Operating Income      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name Revenue      
PEO [Member] | Deduction of Reported Value of Equity Awards        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [1] $ (5,150,023) $ (3,323,452) $ (3,003,686) $ (2,599,853)
PEO [Member] | Equity Award Adjustments        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [2] 9,288,510 (361,257) 4,732,426 4,825,008
PEO [Member] | Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,875,568 1,850,599 1,663,383 1,419,079
PEO [Member] | Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 634,049 (513,916) 173,666 304,853
PEO [Member] | Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 498,869 (516,070) 208,362 315,569
PEO [Member] | Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 4,990,626 2,352,257 2,574,357
PEO [Member] | Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 211,356 (793,151) 263,567 310,319
PEO [Member] | Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 78,042 (388,719) 71,191 (99,169)
Non-PEO NEO [Member] | Deduction of Reported Value of Equity Awards        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [3] (1,199,958) (1,034,936) (892,596) (843,849)
Non-PEO NEO [Member] | Equity Award Adjustments        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [4] 2,327,222 (155,049) 1,469,833 1,631,452
Non-PEO NEO [Member] | Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 592,409 548,618 438,136 407,422
Non-PEO NEO [Member] | Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 183,026 (139,301) 50,459 93,083
Non-PEO NEO [Member] | Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 142,035 (145,836) 63,083 99,505
Non-PEO NEO [Member] | Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 1,311,231 790,793 939,757
Non-PEO NEO [Member] | Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 71,055 (275,337) 99,430 128,340
Non-PEO NEO [Member] | Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 27,466 $ (143,193) $ 27,932 $ (36,655)
[1] Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
[2] Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:
[3] Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
[4] Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below: